The morning news. [volume] (Savannah, Ga.) 1887-1900, 1887-07-24

gamble in -four, or in any kind of produce
Tor that matter. The really bad people are
those who come down to Wall street for the
purpose of Skinning the honest brokers. If
they make pile of money they go away
smiling, but if they happen to lose, they
Immediately howl and complain that they
have fallen into a den of thieves.
Mr.. W. T. Hatch, tine-looking gentle
man who has grown white-haired i'll Wall
street and whose bank and brokers' Office is
situated at Nassau street, is now, and has
been for years, Treasurer of the Rev. DR.,
! Storrs' Church of the Pilgrims in Brooklyn.
When questioned little he warmed up in
defense of Wall street and the Stock Ex-
change and said: "rhere is no place ON
this fOOtStool where so much straight, honest
| business is transacted as is done in Wall
| street. l think the brokers of Wall street
are the best class of men | ever met. Their
words are entirely trustworthy. There
are exceptions, but they are very rare. |
| may sell another broker 100000 worth of
bonds, and between the verbal sale and the
payment they may drop three or four points.
| Yet he would never think of repudiating
the sale, although under the rules of the
Exchange am precluded from suing him.
| In what other business will you find such
! honesty prevalentl Disputes and quarrels
among the brokers are very rare. If on the
floor Of the Exchange a sale is made to me
| and another broker beside me claims it as
| his we appeal 10 those standing near. If
they are not able to decide the question my
opponent turns to me and says, 4 match
| YOU and each rests content with the result
| of matching coins To tell you the truth,
| don't think the ministers who denounced
! Wall street and the brokers have the slightest
knowledge Of what they are talking about.
A good many ministers buy bonds, and If
| the bonds increase in value they don't
| !, II 90
! is precisely how we make our money. 1t is
rather a strange thing that ministers who
have so much to say about the wickednesS
of Wall street are willing enough to take
| money made in Wall street. OF course
there is gambling in bonds and stocks, but
it is infrequent, and those in legitimate
brokers business do not como in contact
with it. | don't know whether or not it
could be stopped"
siege of sickness lately, and has been con
fined to his eEouse for more than a week
with the exception of brief outings. His
son George, a very dark complexioned
young man of "a or p years, received all
callers at his office during his absence. Mr..
George Gould is member of the Stock
Exchange and great tavorite there He is
of medium height and rather stoutly built
His hair, eyes and moustache are black as
vouch for his possessing plenty of energy,
yet there is no trace OF il-humor there. He
has a very bright smile and a good set Of
teeth, and a pleasant, democratic way
about him. He looks like a very worthy
young American, and those who know him
best say that he is. Speaking for himself
and his father he said:
my own experience in the Stock Ex-
change has been very limited. You know
have been there only few months What
experience I have had has been pleasant.
like the Exchange and the brokers. / know
of no gambling there unless they call specu-
lation gambling, and if speculation in stocks
is gambling speculation IN all kinds of pro-
duce must also be gambling. My father is
not in Wall street now. He has not been
member of the Exchange for over year;
not since he dissolved his partnership with
Mr.. Conror and moved from II Broadway
l know that he always speaks pleasantly of
the street and brokers, and my views are
his on the subject OF the transactions of
gambling which are so frequently made.
think that denunciation is aimed at him
because it is fashionable, | suppose laugh
ing. know of no other reason
SYDNEY REID.